Grayscale has come up with ready-made crypto investment portfolios that financial advisors can use for their clients, but there is something unusual. The investment giant launched four different model portfolios, each with a different purpose.
In this, the “Digital Assets Core Plus portfolio” is designed as a broad, foundational crypto allocation and includes Bitcoin [BTC], Ethereum [ETH], Solana [SOL], and Chainlink [LINK].
Meanwhile, ‘Digital Assets Leaders’ focuses on the five largest eligible crypto assets available through Grayscales single-asset products. Whereas “Digital Assets Next Gen” is designed to give investors exposure to crypto assets beyond Bitcoin, including both established and emerging projects.
Finally, “Digital Assets Infrastructure” focuses on assets tied to protocols that support areas such as smart contracts and tokenization.
Grayscale gives more weightage to XRP than Bitcoin
Now the catch here is that Ripples XRP has received a huge allocation in the Digital Assets Next Gen portfolio. As of the 31st of August, the portfolio had seven holdings, with Ethereum at 42.34%, XRP at 26.11%, and Solana at 21.09%.
Bitcoin, however, has been left out of this portfolio. Together, those three assets account for roughly 90% of the portfolio. Meanwhile, the remaining allocation is spread across Hyperliquid [HYPE], LINK, Avalanche [AVAX], and Sui [SUI].
Interestingly, Grayscale has also capped each asset to not go beyond 40% in a model. However, the portfolios are subject to rebalancing every quarter, wherein Grayscale can change the allocations as market capitalization and the eligible asset universe change.
This comes after Grayscale filed an amendment that could move its Litecoin Trust closer to an ETF structure.
Is altcoin season incoming？
Meanwhile, on the price front, XRP was trading at $1.40 at the time of reporting after a hike of almost 40% in the past month. Compared to this altcoin, Bitcoin was changing hands at $76,846.10 at press time after a hike of 22.1% in the past month.
Whereas its Bitcoin dominance was testing resistance at 59.27%. This means Bitcoins share of the total crypto market was approaching a level where it has historically struggled to move higher.
Source: Trading View
So, now if dominance breaks above this level, Bitcoin could continue outperforming altcoins, while a rejection could signal capital rotating toward altcoins such as XRP, Solana, and Ethereum.
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But with the altcoin season index sitting at 36 at press time, it is confirmed that Bitcoin is here to rule for now.
Source: CoinGlassFinal Summary
- Ripples XRP has received a huge allocation in the Digital Assets Next Gen portfolio.
- Bitcoin, on the other hand, has been excluded from the portfolio.